Following the closure of 17 year old internet radio hosting service Live365 after the United States Copyright Royalty Boards (CRB) imposed a change in fee structure away from annual percentage revenues and a significant rates hike of internet music streaming royalties in December 2015. A devastating blow which signaled the death of many thousands of internet radio stations hosted on the service and the sacking of all the company’s staff. Word is spreading that live365 has changed owners, has new financial backing and is gearing up for a comeback with sources close to the service quoted as having said that Live365 assets have been acquired and we will make an official announcement in the coming weeks. Their web site also now reads Live365. We are music curation. The fun isn’t over yet. Live365 will be right back. email@example.com. Looking to start your Internet Radio station again? firstname.lastname@example.org.
What this means exactly for the internet radio broadcasting community and the many stations which were impacted by the closure is unclear at this time however but we’re sure to know more soon.